But 2 years wor..

And furthermore what if OPR increase again soon..?
I would go for Affin 15 months pure FD at 4.05%

RHB 15 months at 4.1% looks troublesome for me since it needs to
put addition 5% into CASA for 3 months, 3 months later will need to
take the money out and place it as FD again in another bank and this
is not so cost effective...
In addition, the effective rate is actually lower than 4.1%..

So in conclusion, I think Affin 15 months FD is the best so far ...
My opinion only...

In FD depositors point of view, we prefer to have more banks so we can have
more FD options. I also hope they cannot merge.

The MBSB 4.7% should be gone if it comes with PIDM.
If MBSB 4.7% comes with PIDM, then other commercial banks FD promos will become
useless; unless they can match to 4.7% but this is impossible..

This post has been edited by BoomChaCha: Aug 3 2014, 12:36 PM

i run a detail calculation back then. you can get up to 4.14% as they payout the interest every 3 months but principal has to be big else not worth the effort.

Plus we also discussed about the possible merger if they finally decide to pull out from the promo and pay pro-rate you will get shitty return as the step up start at 3.48%

For me unless your deposit is huge, affin is the one to go for.

Hmm, then Affin should be my choice ady. Somemore someone here said Affin cert is thick and nice right? Lol

Anyway, 15 mths@4.05% is DEFINITELY better than my current 6 mths@3.10%.

Oh... I was not aware RHB 15 months FD pays interest every 3 months,
3 months interest pay out is quite tempting..

Pros for RHB 15 months:
(1) Pay interest every 3 months

Cons for RHB 15 months:
(1) 3 months hold period in CASA (need to chase one more musical chair )
(2) Merging issue

Versus
Affin 15 months: 4.05% pure FD

Conclusion:
RHB is good for big amount of FD
Affin is more straight forward and less headache

Thanks for the info

I have Affin FD cert, it is slightly thicker than UOB FD cert.
You can ask for a plastic FD cover from the bank.

So, you short listed option at this time being is Affin 4.05% for 15 months, but still
need to check this Affin FD promo expiration date wor..

Since now is the beginning of August, hopefully other banks will offer more FD promos..

BoomChaCha,

I tried to google for the Affin 15 mth FD promo but can't seem to find any info about it? Not even on their website.

Some forumer mentioned that, for the Affin 15 mth FD, we need to open SA? Somemore Rm100 for the passbook? Rm20 for ATM? What the....

Actually I only have 3 criteria for my next FD placement.

1) straightforward pure FD, no CASA
2) tenure doesn't matter
3) must be PIDM protected
4) highest interest that fit the 3 criterias above. Hehe

Any other better options? If possible I don't want those banks that gonna emerge soon. So headache..

Yes, RHB pays out every 3 months interest and then the rate change every 3 months. At the end of every 3 months, we have the option to terminate. But the rate will only be really high for the last 3 months. So unless someone needs the money, should continue till maturity.

For the 5% hold, 3 months later just have to seek for another FD promo !

This post has been edited by bbgoat: Aug 3 2014, 02:02 PM

affin is your best hope. only RM20 to open a saving account but your FD does not linked to your SA.

Or you can check out UOB?

I could not find this Affin FD promo online either.

According to our members here, Affin 4.05% FD requires RM 20 to open a saving account.
All our members here are rich and famous professionals (but excluding me), they will provide
accurate and update information.

If you do not want CASA.. , then OCBC effective rate 4% FD for 2 years (first 12 months
at 3.8% + second 12 months at 4.2%) is meeting your requirements at this point in time.

Aiyo.. got money also headache..

This post has been edited by BoomChaCha: Aug 3 2014, 03:13 PM

To X_hunter

I agree with bearbear...

It is better to take Affin rather than OCBC because you just need RM 20 to
open a Affin saving account and this can gain your extra 0.05% FD interest;
and in addition, Affin FD tenure is shorter so that you can prepare for the next
OPR increase (if this happens).

But, if you have your own reason not to sign-up a new saving account,
then OCBC is your best choice..

OCBC effective rate should be more than 4.00%, because the brochure stated
2 years (first 12 months at 3.8% + second 12 months at 4.2%), this means
the first 12 months interest earned at 3.8% will be added to the principal and
compound in the last 12 months FD at 4.2%.

This post has been edited by BoomChaCha: Aug 3 2014, 04:06 PM

Top Goat, I think the only advantage of RHB is merely their 3 months interest.
If let me to choose OCBC, Affin or RHB? I will probably choose like this:

(1) Affin - I prefer shorter tenure now
(2) OCBC - if I have no choice
(3) RHB - This one..? Ai.. Need to think about it first..

Thanks. I guess need to check with them.

Then how about the rm100 needed for the pass book as mentioned by someone here?

If only rm20 to open saving account, then it is fine.

Guess I don't have much choice other than Affin or OCBC.
Hopefully more banks will intro FD promo within this month.

Off topic,
If my CIMB SA account has less than Rm10, and it's been few years inactive. So it must be closed down automatically by the bank ady right? Do we still need to go to the bank to close it or just let it be? Just discard the atm card away?

Yes, at least you have 2 options now: Affin and OCBC, either one is okay lah..Bro
Let's see if any new FD promos come out in these 2 weeks.
You still have plenty of time to survey and decide.. Just Relax..

Your CIMB saving account is closed by CIMB for sure.
Since your ATM card linked to your SA, I guess your ATM
is no longer in active.

If you bring your SA book to CIMB, CIMB will use a scissor to
cut off a small portion of your SA book cover, then they will
pass back your SA book to you and say: "Sir, you cannot use this SA anymore."

I think it is better to bring your SA book and ATM card to CIMB
to settle your inactive SA & ATM card; otherwise you will keep
thinking about this matter probably for the rest of your life.

This post has been edited by BoomChaCha: Aug 3 2014, 06:33 PM

Sifu, what's your take on 3 & 6-mth FD's - which current deal is the best? TQ

This post has been edited by giko: Aug 3 2014, 07:28 PM

Include our ambassador BCC ! Don't be so humble lah

It looks to me you are looking at 3 to 6 months max, while waiting for OPR to go up again, right ?

To me, for next 1 to 2 months I will go with Affin & MBSB.

This post has been edited by bbgoat: Aug 3 2014, 07:40 PM

Yea, let's see how it goes in these two weeks. Hehe.
Hope got other better deals.

That's why I don't like to have too many SA, two is enough for me. 1 is main, another 1 for back up. Coz it's troublesome to ensure they are active. Tend to forget about those accounts if seldom use them.

Sifu, don't be so humble. I'm sure you are also in the "rich and famous professional" category.

I do think Affin 4.05% is the best so far...for 15 months placement. The problem is I'm looking for a 2 or 3 years placement; since I (think) have locked in some good FD rates for 1-year & 5-year. 15-month is like alang-alang tenure for me.

I have no intention to play guessing game with BNM. It can raise, drop or maintain the OPR when it sees fit. I'll make my own move when I see fit I can recall since V4 of this thread, some of us are trying (seriously & jokingly) to predict the correct timing of BNM hiking the OPR. It took several months before the hype became reality. Even so, the whole state of affairs aren't any clearer now as BNM is expected to raise the OPR again. The waiting game continues... I am curious how much interest has been lost due to the waiting game. So, when my FD matures, I'll go to the highest offer available with the tenure of my preference

My style la...may not suit everyone's taste

PS: As I type this, Malaysia just won a Commonwealth Games gold medal through badminton womens' double

Affin offering quite good interest rates.. but branch limited...15 months alang -alang? 2-3 years hmm good, cash rich...

and affin not so many people like ocbc, mine kautim within 30 minutes. From taking number to walking out with Cert.

oo also they run the lucky draw promo, chance to win a benz cla 200